In driverless public transport race, Singapore builds mini city for testing


There are now more than 10 companies testing vehicles at the facility at Nanyang Technological University in the west of Singapore

Southeast Asia’s Grab launches new venture to back growth-stage tech startups

Grab will look at startups in sectors like mobility, fintech, logistics and food-tech.

Refused to sell for $100m, Carousell now said to be worth $500m

After raising $85 million in a recent funding round, Carousell plans to build out its existing markets, which also include Indonesia, the Philippines and Taiwan, before expanding to more countries.

Too many similar businesses in Asia make exits challenging, says Eversheds partner

At a time when Asia remains a hotbed for deal flow, an availability of similar kind of businesses crowding the market may lead to higher valuations and even make exits challenging for many players.

Singapore’s SolarHome closes $2m funding, eyes $4m Series B in Q3

The latest funding will help SolarHome expand its customer base to more than 40,000 homes in rural Myanmar by the end of 2018. It also aims to establish a presence in Cambodia, Indonesia and the Philippines by end of this year.

500 Startups cuts its largest Asia deal with $20m investment in Carousell

The deal also marked its first investment via a special purpose vehicle in Southeast Asia.

US-based in-car commerce startup Cargo partners Grab to land in SE Asia

The partnership with Grab also marks Cargo’s first international expansion in Singapore, beyond its US home ground.

Singapore’s logtech startup Moovaz eyes Asia expansion after securing $1m

Moovaz has secured seed funding from a group of investors, including key personnel from Ong Beng Seng’s family office fund, Mojo Partners.

Singapore’s GIC divests entire stake in Vietnamese taxi firm Vinasun

In a disclosure to Ho Chi Minh City Stock Exchange, GIC said it sold all the 5.4 million shares, equivalent to a 7.96 per cent stake, it held in Vinasun on May 25.

Singapore’s top property broker PropNex plans to launch IPO

PropNex is said to be targeting a market capitalization of as much as S$250 million.